Using Analytics And CEP Tools To Navigate The Economic Downturn

by Roger Smith,  InformationWeek

The day after the new Treasury Secretary Tim Geithner roiled the financial markets with an uninspiring explanation of how the U.S. government plans to end the financial crisis, InformationWeek caught up with Dr. John Bates, a complex event processing (CEP) industry pioneer and founder of market leader Progress Apama, for a lively conversation about how organizations are using CEP as a tool to mitigate risk and keep volatility under control.

“In this market, not surprisingly, our company is having its best year ever,” Bates proclaimed. “CEP tools and technologies are increasingly being used by financial professionals to adapt to volatility across a wide range of asset classes.” Asked if CEP could help unravel securitized loans and other instruments that have been labeled “toxic assets” by the media, Bates said CEP is best at recognizing skewed values when it comes to the dynamic pricing of things like bonds, options, and equities.  report.